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    8591   JP3200450009

ORIX CORPORATION

(8591)
  Report
End-of-day quote. End-of-day quote Japan Exchange - 12/03
2287.5 JPY   +3.32%
12/03ORIX : Current Report by Foreign Issuer (Form 6-K)
PU
11/30ORIX : Releases its Sustainability Report 2021 (English version)
PU
11/09ORIX Releases its Integrated Report 2021
PU
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IBF Financial Holdings Co., Ltd. signed a share swap agreement to acquire EnTie Commercial Bank Co., Ltd. from The Longreach Group Ltd., ORIX Corporation and others for TWD 33.7 billion.

10/14/2021 EST

IBF Financial Holdings Co., Ltd. (TWSE:2889) signed a share swap agreement to acquire EnTie Commercial Bank Co., Ltd. from The Longreach Group Ltd., ORIX Corporation (TSE:8591) and others for TWD 33.7 billion on October 14, 2021. IBF will pay TWD 9.466730 in cash and 0.493344 IBF preferred shares (the issue price is expected to be TND 15.70), equivalent to TND 17.212231 per share in total as the transaction consideration mix. Upon completion of the share swap transaction, EnTie will become a wholly-owned subsidiary of IBF and both, EnTie and IBF will continue to exist. The completion of the share swap proposal still depends on whether a number of prerequisites are met, including but not limited to the approval of the share swap proposal and the share swap agreement by the shareholders of EnTie and IBF; the permission, consent, or approval of the relevant competent authorities and institutions; or the filing entering into effect, etc. EnTie has established an audit committee acting as the special committee for merger and acquisition, to provide an opinion on the fairness of the share swap. The audit committee deliberated on the fairness and reasonableness of the share swap proposal and approved the proposal on October 14, 2021. IBF also established a audit committee or remuneration committee which includes Ching-Sung Wu and Wei-Lung Che, both Independent Directors of IBF. The audit committee of IBF has raised objection with regards to share swap, stating that consideration sitting on a higher side is not fair and reasonable and transaction cannot help the growth of business of IBF but complicates the structure of major shareholders of IBF and causes the difficulty to implement the corporate governance. IBF board also approved the transaction with majority vote including Chen Shu Chuan and Shihchen Joseph Jao, both Independent Directors of IBF. EnTie will convene an extraordinary general meeting of shareholders on December 2, 2021. If the shareholders meeting passes the share swap proposal and share swap agreement by resolution, an application will be filed to delist EnTie from the Taiwan Stock Exchange. Transaction will have no impact on net worth per share and earnings per share of EnTie. Shu-Chen Chang of BDO Taiwan, Investment Banking Arm acted as fairness opinion provider to the audit committee of EnTie. Shu-Chen Chang of BDO Taiwan acted as accountant to EnTie. Chen, Wei-Yue and Philip Chen of JYH HER CPAs, Investment Banking Arm acted as fairness opinion providers to IBF. Chen, Wei-Yue of JYH HER CPAs acted as accountant to IBF. BNP Paribas SA (ENXTPA:BNP) and KGI Securities Co. Ltd. acted as financial advisors, Ernst & Young Global Services LLP acted as accountant and Lee and Li, Attorneys-at-Law acted as legal advisor to IBF.


ę S&P Capital IQ 2021
All news about ORIX CORPORATION
12/03ORIX : Current Report by Foreign Issuer (Form 6-K)
PU
11/30ORIX : Releases its Sustainability Report 2021 (English version)
PU
11/09ORIX Releases its Integrated Report 2021
PU
11/09ORIX Releases its Sustainability Report 2021 (Japanese version). English version is sch..
PU
11/05ORIX Logs 56% Jump in Fiscal H1 Profit on Higher Services Income, Sales
MT
11/05ORIX Launches M&A Agency Business
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11/04Consolidated Financial Results April 1, 2021 - September 30, 2021 - Form 6-K
PU
11/04Presentation Materials[2.2MB]
PU
11/04ORIX Reports Consolidated Financial Results for Q2 FY2022.3
PU
11/04ORIX Establishes Group-wide ESG-Related Material Issues, Key Goals and Sustainability C..
PU
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Analyst Recommendations on ORIX CORPORATION
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Financials
Sales 2022 2 507 B 22 230 M 22 230 M
Net income 2022 276 B 2 444 M 2 444 M
Net Debt 2022 7 154 B 63 431 M 63 431 M
P/E ratio 2022 10,0x
Yield 2022 3,48%
Capitalization 2 734 B 24 178 M 24 241 M
EV / Sales 2022 3,94x
EV / Sales 2023 3,65x
Nbr of Employees 33 153
Free-Float 93,6%
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Technical analysis trends ORIX CORPORATION
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TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 2 287,50 JPY
Average target price 2 425,38 JPY
Spread / Average Target 6,03%
EPS Revisions
Managers and Directors
Makoto Inoue Executive President, Group CEO & Director
Hitomaro Yano Executive Officer, GM-Finance & Accounting
Shuji Irie Director & General Manager-Business Investment
Heizo Takenaka Independent Outside Director
Michael A. Cusumano Independent Outside Director
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